Gulf Trading Company reported the following January purchases and sales data for its only product for the month of January 2021. Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 140 units @ $6.00 = $ 840 Beginning inventory Sales Jan 10 100 units @ $15 Purchase. Jan. 20 60 units @ $5.00 = 300 Sales Jan. 25 80 units @ $15 Purchase Jan. 30 180 units @ $4.50 = 810 Totals 380 units $1,950 180 units Required: You have to use FIFO and Average Method and calculate the following: a) Calculate cost of ending inventory on Jan 31st, 2021. b) Calculate cost of goods sold for the period ending on Jan 31st, 2021, c) Calculate gross profit for the period ending on Jan 31st, 2021